Dana Posts Loss
Of $1.27 Billion;
Shares Hit Hard

Auto-parts maker Dana Corp. posted a third-quarter net loss as it took special charges and faced high steel and energy costs, news that sent its shares to a three-decade low.

The Toledo, Ohio, maker of brakes, axles and other parts, reported a loss of $1.27 billion, or $8.50 a share, against a profit of $42 million, or 28 cents a share, a year earlier. Sales rose 13% to $2.4 billion from $2.11 billion.